Here is the monthly Eldorado Real Estate Report covering the last six months from August 2016 to January 2017. The inventory of available homes for sale is very low. If you are considering listing your property, now would be an ideal time.

In January:

12 Active Eldorado Properties 

13 Homes Under Contract

19 Sold – this is the ONLY time in the last 13 years there were more solds than active properties. (That is how far back the MLS data goes)

– $175 was the average price per square foot in January. Remember this number depends on a wide range of factors –  the size of the house, age, quality of the finishes, views, heating, construction, etc. The larger the house, the lower the price per square foot. This average has ranged from $175 – $190 in the last six months. Some properties are as low as $119 and as high as $250.

166 were the average days on the market last month. This includes the number of days the property was under contract which is typically 30-45 days.

– 97% is the sales price vs. listing price for January. This is the listing price when the property went under contract, not the original listing price, which may have been higher. This has ranged from 97% – 98% for the last six months. The sooner a property goes under contract, the closer to the listing price the seller is likely to receive.

– 414K was the average listing price last month. The average sales price was 363K.

– 2 WEEKS of Inventory – which means the length of time it would take to sell all the homes listed in Eldorado at the current rate of sales. Eight months indicates a healthy real estate market. This is extremely low. If you or someone you know is considering listing, and are waiting until the Spring, remember there will be more competition. Price it right and sell it now. 

If you would like to discuss the current state of the Eldorado market, or have questions about this beautiful neighborhood, please let me know.